The Santa Monica, Calif.-based, automobile-focused consumer research firm analyzed car registration data and found that leases accounted for 28.9% of millennial car purchases. This compared to an overall lease penetration rate of 26.7% and represented a 46% increase in millennial car leasing over the last five years, the statisticians added.

The Santa Monica, Calif.-based, automobile-focused consumer research firm analyzed car registration data and found that leases accounted for 28.9% of millennial car purchases. This compared to an overall lease penetration rate of 26.7% and represented a 46% increase in millennial car leasing over the last five years, the statisticians added.